Nortel Establishes Global Operations Center of Excellence in Turkey

Istanbul, Turkey, November 6 (ots/PRNewswire) -

- Over 300 Engineers Will Support Next Generation Networks Around
the World

Nortel(x) (NYSE: NT; TSX: NT) today announced further details of
its new Global Operations Center of Excellence in Turkey. Located on
the R&D campus of Nortel's Turkish subsidiary Nortel Netas in
Umraniye, Istanbul, the new Operations Center of Excellence will
create approximately 300 jobs for graduates and experienced network
support experts.

The creation of the Operations Center of Excellence is part of
Nortel's ongoing business transformation. By reducing over 100 global
centers and creating fewer, more focused, Centers of Excellence,
Nortel aims to improve the quality of its technical product support,
integration and acceptance services via efficiencies of scale,
organization optimizations and process improvements.

"Nortel is focused on providing the very highest levels of
customer support whilst remaining cost competitive," said Joel
Hackney, senior vice president, Global Operations and Quality,
Nortel. "Located in the heart of our EMEA region, the new Operations
Center of Excellence in Turkey benefits from its proximity to major
customers whilst drawing on a strong labor pool and improving our
cost competitiveness."

The Global Operations Center of Excellence will provide technical
and operational support for Nortel's worldwide next-generation
carrier customers deploying mobile, converged and metro Ethernet
networks, including optical networks. The specific functions the
Center will perform include global network technical support for
customers in North America and Europe, the Middle East and Africa
(EMEA), global product support, and solution integration and
acceptance for EMEA.

"Next year Nortel Netas, our Turkish subsidiary, will celebrate
its 40th anniversary," said Tim Watkins, president Northern Europe,
the Middle East and Turkey, Nortel. "Our considerable experience
working in the region allows us to be confident of the benefits that
the new Center of Excellence will bring. We already conduct a
considerable amount of world leading R&D at Nortel Netas and expect
that this ethos of excellence will be transferred to the new Center
of Excellence."

The first employees of Nortel's new Global Operations Center of
Excellence have already commenced in-depth training on Nortel's
solutions and services portfolio. With initially 300 engineers being
recruited, the Global Operations Center of Excellence is expected to
go into service in the first half of 2007.

About Nortel

Nortel is a recognized leader in delivering communications
capabilities that enhance the human experience, ignite and power
global commerce, and secure and protect the world's most critical
information. Our next-generation technologies, for both service
providers and enterprises, span access and core networks, support
multimedia and business-critical applications, and help eliminate
today's barriers to efficiency, speed and performance by simplifying
networks and connecting people with information. Nortel does
business in more than 150 countries. For more information, visit
Nortel on the Web at www.nortel.com. For the latest Nortel news,
visit www.nortel.com/news.

Certain statements in this press release may contain words such as
"could", "expects", "may", "anticipates", "believes", "intends",
"estimates ", "targets", "envisions", "seeks" and other similar
language and are considered forward-looking statements or
information under applicable securities legislation. These
statements are based on Nortel's current expectations, estimates,
forecasts and projections about the operating environment, economies
and markets in which Nortel operates. These statements are subject
to important assumptions, risks and uncertainties, which are
difficult to predict and the actual outcome may be materially
different. Further, actual results or events could differ materially
from those contemplated in forward-looking statements as a result of
the following (i) risks and uncertainties relating to Nortel's
restatements and related matters including: Nortel's most recent
restatement and two previous restatements of its financial
statements and related events; the negative impact on Nortel and NNL
of their most recent restatement and delay in filing their financial
statements and related periodic reports; legal judgments, fines,
penalties or settlements, or any substantial regulatory fines or
other penalties or sanctions, related to the ongoing regulatory and
criminal investigations of Nortel in the U.S. and Canada; any
significant pending civil litigation actions not encompassed by
Nortel's proposed class action settlement; any substantial cash
payment and/or significant dilution of Nortel's existing equity
positions resulting from the finalization and approval of its
proposed class action settlement, or if such class action settlement
is not finalized, any larger settlements or awards of damages in
respect of such class actions; any unsuccessful remediation of
Nortel's material weaknesses in internal control over financial
reporting resulting in an inability to report Nortel's results of
operations and financial condition accurately and in a timely
manner; the time required to implement Nortel's remedial measures;
Nortel's inability to access, in its current form, its shelf
registration filed with the United States Securities and Exchange
Commission (SEC), and Nortel's below investment grade credit rating
and any further adverse effect on its credit rating due to Nortel's
restatements of its financial statements; any adverse affect on
Nortel's business and market price of its publicly traded securities
arising from continuing negative publicity related to Nortel's
restatements; Nortel's potential inability to attract or retain the
personnel necessary to achieve its business objectives; any breach
by Nortel of the continued listing requirements of the NYSE or TSX
causing the NYSE and/or the TSX to commence suspension or delisting
procedures; (ii) risks and uncertainties relating to Nortel's
business including: yearly and quarterly fluctuations of Nortel's
operating results; reduced demand and pricing pressures for its
products due to global economic conditions, significant competition,
competitive pricing practice, cautious capital spending by customers,
increased industry consolidation, rapidly changing technologies,
evolving industry standards, frequent new product introductions and
short product life cycles, and other trends and industry
characteristics affecting the telecommunications industry; the
sufficiency of recently announced restructuring actions, including
the potential for higher actual costs to be incurred in connection
with these restructuring actions compared to the estimated costs of
such actions and the ability to achieve the targeted cost savings
and reductions of Nortel's unfunded pension liability deficit; any
material and adverse affects on Nortel's performance if its
expectations regarding market demand for particular products prove to
be wrong or because of certain barriers in its efforts to expand
internationally; any reduction in Nortel's operating results and any
related volatility in the market price of its publicly traded
securities arising from any decline in its gross margin, or
fluctuations in foreign currency exchange rates; any negative
developments associated with Nortel's supply contract and contract
manufacturing agreements including as a result of using a sole
supplier for key optical networking solutions components, and any
defects or errors in Nortel's current or planned products; any
negative impact to Nortel of its failure to achieve its business
transformation objectives, including completion of the sale of its
UMTS access business to Alcatel; additional valuation allowances for
all or a portion of its deferred tax assets; Nortel's failure to
protect its intellectual property rights, or any adverse judgments
or settlements arising out of disputes regarding intellectual
property; changes in regulation of the Internet and/or other aspects
of the industry; Nortel's failure to successfully operate or
integrate its strategic acquisitions, or failure to consummate or
succeed with its strategic alliances; any negative effect of
Nortel's failure to evolve adequately its financial and managerial
control and reporting systems and processes, manage and grow its
business, or create an effective risk management strategy; and (iii)
risks and uncertainties relating to Nortel's liquidity, financing
arrangements and capital including: the impact of Nortel's most
recent restatement and two previous restatements of its financial
statements; any inability of Nortel to manage cash flow fluctuations
to fund working capital requirements or achieve its business
objectives in a timely manner or obtain additional sources of
funding; high levels of debt, limitations on Nortel capitalizing on
business opportunities because of credit facility covenants, or on
obtaining additional secured debt pursuant to the provisions of
indentures governing certain of Nortel's public debt issues and the
provisions of its credit facilities; any increase of restricted cash
requirements for Nortel if it is unable to secure alternative support
for obligations arising from certain normal course business
activities, or any inability of Nortel's subsidiaries to provide it
with sufficient funding; any negative effect to Nortel of the need
to make larger defined benefit plans contributions in the future or
exposure to customer credit risks or inability of customers to
fulfill payment obligations under customer financing arrangements;
any negative impact on Nortel's ability to make future acquisitions,
raise capital, issue debt and retain employees arising from stock
price volatility and further declines in the market price of
Nortel's publicly traded securities, or any future share
consolidation resulting in a lower total market capitalization or
adverse effect on the liquidity of Nortel's common shares. For
additional information with respect to certain of these and other
factors, see Nortel's Annual Report on Form 10-K/A, Quarterly Report
on Form 10-Q and other securities filings with the SEC. Unless
otherwise required by applicable securities laws, Nortel disclaims
any intention or obligation to update or revise any forward-looking
statements, whether as a result of new information, future events or
otherwise.

(x) Nortel, the Nortel logo and the Globemark are trademarks of
Nortel Networks.

ots Originaltext: Nortel Networks
Im Internet recherchierbar: http://www.presseportal.de

Contact:
For further information: Ben Roome, +44-1628-433113,
benroome@nortel.com